Bloomberg News

Thailand Stocks: Airports of Thailand, Thaicom, Total Access

December 16, 2011

Dec. 16 (Bloomberg) -- Shares of the following companies had unusual moves in Thailand trading. Stock symbols are in parentheses and prices are as of the close in Bangkok.

The SET Index rose for a second day, climbing 1 percent to 1,034.06. The gauge ended the week little changed, and has gained 0.1 percent this year, after a 41 percent rally in 2010 and a 63 percent surge in 2009.

Airports of Thailand Pcl (AOT TB), Thailand’s biggest airfield operator, advanced 1.8 percent to 43.5 baht, the highest close since Sept. 22. Net income for the year ended Sept. 30 climbed 24 percent to 2.53 billion baht ($81 million)

Thaicom Pcl (THCOM TB), a satellite operator, rose 2 percent to 10.20 baht, the highest close since Dec. 9. Thaicom and Asia Satellite Telecommunications Holdings Ltd. will build and operate a satellite, according to separate company statements to the stock exchanges in Hong Kong and Thailand. The total investment for the new orbiter will be $171 million, according to Thaicom’s regulatory filing.

Total Access Communication Pcl (DTAC TB), the nation’s second-biggest mobile-phone company, surged 9.8 percent to 89.5 baht, the highest close since the stock listed in June 2007. The company’s board approved a special dividend of 16.46 baht per share, it said in regulatory filing. It also plans to borrow 30 billion baht from local banks for capital restructuring and general business purposes, it said.

--Editor: Matthew Oakley

To contact the reporter on this story: Anuchit Nguyen in Bangkok at anguyen@bloomberg.net

To contact the editor responsible for this story: Darren Boey at dboey@bloomberg.net


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